Downl 17% form Apr peak on concerns over its European exposure, which a/c for 78% of revenue (43% from Germany). While execution track record still unblemished with no contract cancellations yet, European ship owners will not be spared if a full-blown crisis in the euro zone breaks out. For its part, YZJ is re-focusing its efforts on the Chinese market & has clinched a few domestic orders. It has also hedged its sales proceeds, much of which is in euro.
Stock is facing some resistance at $1.30 with next level at $1.36; support is at $1.20.
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